Ethanolamines Market : Understanding the Key Product Segments and Their Future during 2019 -2026

The Global Ethanolamines Market is expected to reach USD 4.07 Billion by 2027, according to a new report by Reports and Data. A growing demand for ethanolamines from the metallurgy industry is one the significant factors influencing market growth.

Ethanolamines often find application as neutralizers of acidic constituent, primarily responsible for the corrosion of metal surfaces, in lubricants. This chemical is used to provide alkalinity to water-soluble grinding and cutting fluids, needed to offer protection from rusting. Moreover, it is deployed as an intermediate in the production of emulsifiers, corrosion inhibitors, and biocides, among others.

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Monoethanolamine often finds application as a preferred solvent in carbon CO2 (carbon dioxide) scrubbing processes. Recently, these types of scrubbing systems are increasingly being built is attributed to the growing focus on carbon dioxide capture and sequestration (CCS) notion related to initiatives for CO2-free power generation. Technological development of this solvent absorption system along with its exceptional features, including fast reaction kinetics, high loading capacity for carbon dioxide at low partial pressures, and high removal efficiencies, are likely to drive the market growth in the forecast period.

In market segmentation by manufacturers, the report covers the following companies:- Huntsman Corporation, Dow Chemical Company, CNPC, BASF SE, Alkyl Amines Chemical Ltd., Daicel Chemical Industries, Thai Ethanolamines Company, INEOS Oxide Limited, Celanese Corporation, and AkzoNobel, among others.

Additionally, ethanolamine is used in forming of emulsions in the cosmetic industry by reducing the surface tension of the substances to be emulsified to facilitate the blending of water-soluble and oil-soluble ingredients. Also, it finds usage in controlling the pH level of cosmetic products.

For the purpose of this report, Reports and Data have segmented the global ethanolamines market on the basis of product type, application, industry vertical, and region:

Product Type Outlook (Volume, Kilo Tons; 2019-2026 and Revenue, USD Million; 2019-2026)
Monoethanolamine (MEA)
Diethanolamine (DEA)
Triethanolamine (TEA)

Application Outlook (Volume, Kilo Tons; 2019-2026 and Revenue, USD Million; 2019-2026)
Surfactants
Absorbents
Lubricants
Corrosion Inhibitors
Solvents
Others

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Industry Vertical Outlook (Volume, Kilo Tons; 2019-2026 and Revenue, USD Million; 2019-2026)
Metallurgy
Agriculture
Construction
Cosmetic
Oil & Gas
Textile
Others

Regional Outlook (Volume, Kilo Tons; 2019-2026 and Revenue, USD Million; 2019-2026)
North America
Europe
Asia Pacific
Latin America
MEA

Further key findings from the report suggest
By product type, monoethanolamine contributed to the largest market share in 2018 and is likely to grow at a rate of 4.3% in the forecast period. It is chiefly used as feedstock in the production of detergents, polishes, emulsifiers, corrosion inhibitors, pharmaceuticals, and chemical intermediates. The potential demand for monoethanolamine is in ethylene amines and triazines markets.

By application, surfactants dominated the market size in 2018 and is estimated to grow at a rate of 4.5% in the period 2019-2027. The application of ethanolamines in surfactants is used to remove dirt, stains, and dirt. DEA is a commonly used ingredient in industrial cleaning products, including industrial strength detergents and engine degreasers, as it breaks down oil and grease.

By industry vertical, metallurgy industry accounted for the largest market share in 2018 and is projected to witness a growth rate of 4.3% in the forecast period.

The Asia Pacific region is anticipated to witness the highest CAGR of 5.4% in the forecast period, attributed to a growing demand from the end-user industries including metallurgy, construction, and cosmetics, among others, and a rise in the level of disposable income in countries, such as China & India.

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The research provides answers to the following key questions:

What will be the market size and growth rate of the Ethanolamines Market for the forecast period 2019 -2026 across different regions?

What are the key driving forces expected to shape the future of the industry worldwide?

What strategies are the prominent vendors adapting to stay ahead of their competitors?

Which major trends are impacting the development of the Ethanolamines Market Worldwide?

Which factors can hinder, challenge or even restrict the expansion of the Ethanolamines Market worldwide?

What are the opportunities or future prospect for the business owners operating in the market for the forecast period, 2019 - 2026?

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